Senior Derivative Accounting & Hedge Specialist

Ripple; Chicago (IL); On-site; USD 144,000 - 175,000; Full time

Benefits offered by this job

Salary & equity

Health benefits

Retirement plan

Professional development budget

Job summary

Ripple is seeking a Senior Derivative Accountant to own the full accounting lifecycle for derivatives across client portfolios. You will manage documentation, testing, journal entries, and disclosures under ASC 815 and IFRS 9 while coordinating with treasury, finance, and external auditors.

You’ll lead complex hedge designations, perform effectiveness assessments, and translate new guidance into client-ready summaries for multiple engagements.

Qualifications

• CPA preferred; advanced degree in Accounting or Finance a plus.
• 5+ years of hands-on derivative accounting and hedge accounting experience.
• Deep fluency in ASC 815 and IFRS 9 with practical hedge elections.
• Experience with fair value measurement (ASC 820/IFRS 13) and valuation methodologies.

Responsibilities

• Own end-to-end derivative accounting for interest rate swaps, cross-currency swaps, FX forwards, options, and commodity derivatives across multiple client portfolios.
• Prepare and review hedge documentation, designation memos, risk management objectives, and formal effectiveness testing under ASC 815 and IFRS 9.
• Execute quantitative and qualitative effectiveness assessments (regression analysis, dollar-offset, hypothetical derivative method) on both a prospective and retrospective basis.
• Prepare journal entries and financial statement disclosures related to hedging activities and answer client inquiries about our deliverables
• Apply critical judgment on hedge accounting elections, fair value hedges, cash flow hedges, net investment hedges, and de-designation scenarios.
• Translate new FASB and IASB guidance into clear, actionable impact summaries for clients and internal teams.
• Lead audit support - preparation of work product and direct engagement with external auditors on derivative and hedge accounting matters.
• Strengthen internal methodologies, templates, and technical guidance.

Skills

Derivative accounting

Hedge accounting

ASC 815

IFRS 9

Financial reporting

Education

CPA preferred

Advanced degree in Accounting/Finance

Tools

Ripple Treasury

Chatham Financial

Reval

FIS Quantum

Job description

Ripple is seeking a Senior Derivative Accountant to own the full accounting lifecycle for derivatives across client portfolios. You will manage documentation, testing, journal entries, and disclosures under ASC 815 and IFRS 9 while coordinating with treasury, finance, and external auditors.

You’ll lead complex hedge designations, perform effectiveness assessments, and translate new guidance into client-ready summaries for multiple engagements.